Linear Motion System Market and By Region – Global Opportunities & Forecast, 2021-2028
Global Linear Motion System Market
As per the GMI Research report, the Linear Motion System Market will exponentially boom over the forecast period. This is because of the surging demand for digital modification and acquisition of mechanised systems in several industries.
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Linear Motion System Market Dynamics
The rapidly accelerating industrialisation, growing need for mechanisation, and the surging demand for downsizing of electronic devices in the semiconductor sector are the foremost forces responsible for the growth of the global linear motion system market. Also, the augmenting deployment of linear motion instruments in the automotive production process which include handling, transportation, material processing, and sorting for accurate movement and high replicability is further encouraging the market growth. Furthermore, the aggravating usage of these instruments to mechanise the procedure of pounding, fragmenting, abscising, and deforming metals with less maintenance and higher dependence will promote the market size. However, the inflated cost concerned with the inception of linear motion system for smaller production enterprises is likely to hinder the market growth. In addition, the inadequate accessibility of a competent workforce to handle functions in mechanised technology will hinder the Linear Motion System Market size.
End-Use Industry Segment Drivers
On the basis of end-use industry, the automotive industry is anticipated to seize a notable share in the market over the coming years. This is because of the increasing espousal of automation across the electric car production process and the rising demand for linear actuators across several applications such as assembly lines. Moreover, as per the Linear Motion System Market forecast, mounting supply of passenger cars and the fuelling demand for autonomous automotive will further stimulate the market growth. As per the OICA, approximately 53.59 million passenger cars were vended across the nation in 2020 and the International Energy Agency (IEA) stated that electric cars in 2019, recorded 2.1 million sales worldwide with 40% yearly increase.
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